Phoenix New Media Limited American Depositary Shares each representing 8 Class A. (NYSE:FENG) traded at a new 52-week high today of $2.83. Approximately 42.2 million shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
Phoenix New Media Limited American Depositary Shares each representing 8 Class A. (NYSE:FENG) is currently priced 25.9% above its average consensus analyst price target of $1.68.
In the past 52 weeks, Phoenix New Media Limited American Depositary Shares each representing 8 Class A. share prices are bracketed by a low of $1.12 and a high of $2.83 and is now at $2.27, 103% above that low price.
Phoenix New Media Ltd is a media company providing premium content on an integrated platform across the internet, mobile and TV channels in China. The company organizes its operations into two main segments: Net advertising services and Paid services. It provides its content and services through three major channels: ifeng.com channel, video channel and mobile channel. The company also offers a wide range of paid services including mobile value-added services, games, and content sales. It generates the majority of its revenue from Net advertising services. Geographically, it derives revenue from China.
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